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VANCOUVER - Canaccord Genuity Group Inc., based in Vancouver, Canada, has reported a change in its holdings in Beeks Financial Cloud Group PLC, a UK-based cloud computing and connectivity provider for financial markets. On Tuesday, the investment management firm’s total voting rights in Beeks dipped slightly below the 10% threshold.
The adjustment to 9.9611% of voting rights, amounting to 6,688,296 shares, occurred on Monday, February 11, 2025. This change was primarily attributed to the dilution effect following the admission of 90,701 new shares to trading on the Alternative Investment Market (AIM) on the same date.
Canaccord Genuity’s updated position reflects a minor decrease from the previous notification, where it held 10.0095%. The notification, completed on Wednesday, February 12, 2025, in Blackpool, England, was disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG).
The press release statement details the full chain of control for the voting rights and financial instruments held, starting with Canaccord Genuity Group Inc., and includes Canaccord Genuity Limited, Canaccord Genuity Wealth Group Holdings Limited, Canaccord Genuity Wealth Group Holdings (Jersey) Limited, Canaccord Genuity Wealth Group Limited, and Canaccord Genuity Asset Management Limited.
This notification is a regulatory requirement that follows the crossing of shareholding thresholds by investors and is intended to maintain transparency in the market. It is a standard procedure for publicly traded companies and does not necessarily indicate a strategic change or a shift in the company’s operational direction.
The information provided in this article is based on a press release statement and is intended for informational purposes only.
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